JFrog (NASDAQ:FROG) Price Target Raised to $52.00

Key Points

• Barclays has raised JFrog's price target from $45.00 to $52.00, indicating a potential upside of 20.38% from its current stock price.
• JFrog recently reported $0.18 earnings per share, surpassing analysts' expectations, with a 23.5% year-over-year increase in revenue.
• Institutional investors now own 85.02% of JFrog's stock, reflecting strong interest from hedge funds and investment firms.

JFrog (NASDAQ:FROG - Free Report) had its price objective lifted by Barclays from $45.00 to $52.00 in a report released on Friday,Benzinga reports. They currently have an overweight rating on the stock.

FROG has been the topic of a number of other research reports. Piper Sandler boosted their price objective on JFrog from $40.00 to $48.00 and gave the stock a "neutral" rating in a research report on Friday. Stifel Nicolaus upped their price target on JFrog from $45.00 to $53.00 and gave the company a "buy" rating in a research report on Friday. DA Davidson upped their price target on JFrog from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Needham & Company LLC upped their price target on JFrog from $46.00 to $55.00 and gave the company a "buy" rating in a research report on Friday. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $46.00 price target on shares of JFrog in a research report on Monday, May 5th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $46.87.

JFrog Price Performance

FROG stock traded up $4.83 during midday trading on Friday, reaching $43.62. 4,878,951 shares of the stock were exchanged, compared to its average volume of 1,052,787. The stock has a market capitalization of $5.00 billion, a PE ratio of -56.65 and a beta of 1.06. JFrog has a 52 week low of $24.13 and a 52 week high of $46.64. The company has a fifty day moving average price of $42.13 and a 200 day moving average price of $37.89.

JFrog (NASDAQ:FROG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. The business had revenue of $127.20 million for the quarter, compared to analyst estimates of $122.80 million. JFrog had a negative return on equity of 7.66% and a negative net margin of 18.18%. JFrog's quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. As a group, analysts anticipate that JFrog will post -0.33 earnings per share for the current fiscal year.

Insider Transactions at JFrog

In other JFrog news, CFO Eduard Grabscheid sold 13,043 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $45.00, for a total value of $586,935.00. Following the transaction, the chief financial officer directly owned 159,887 shares of the company's stock, valued at approximately $7,194,915. The trade was a 7.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ben Haim Shlomi sold 54,279 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $43.07, for a total value of $2,337,796.53. Following the completion of the transaction, the chief executive officer directly owned 4,996,412 shares in the company, valued at approximately $215,195,464.84. This trade represents a 1.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 258,338 shares of company stock valued at $11,050,150. 14.10% of the stock is owned by insiders.

Hedge Funds Weigh In On JFrog

Several institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC raised its stake in JFrog by 90.9% during the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company's stock worth $40,000 after buying an additional 597 shares during the period. PNC Financial Services Group Inc. raised its stake in JFrog by 32.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock worth $43,000 after buying an additional 329 shares during the period. Bayforest Capital Ltd acquired a new position in JFrog during the 1st quarter worth approximately $104,000. Smartleaf Asset Management LLC raised its stake in JFrog by 26.3% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,838 shares of the company's stock worth $123,000 after buying an additional 800 shares during the period. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in JFrog during the 1st quarter worth approximately $128,000. 85.02% of the stock is owned by institutional investors and hedge funds.

JFrog Company Profile

JFrog Ltd. provides end-to-end hybrid software supply chain platform in the United States, Israel, India, and internationally. The company offers JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages; JFrog Curation that functions as a guardian outside the software development pipeline, controlling the admission of packages into an organization, primarily from open source or public repositories; JFrog Xray, which scans JFrog Artifactory to secure all software packages; JFrog Advanced Security, an optional add-on for select JFrog subscriptions; and JFrog Distribution that provides software package distribution.